Post Utme Noun 2023 Commerce Question 39
Practice objective / multiple choice question 39 from the 2023 Post Utme Noun Commerce examination.
A firm's production function is given by Q = 100K^(1/2)L^(1/2), where Q is output, K is capital, and L is labor. If the firm wants to increase output by 20% while keeping labor constant, what percentage increase in capital is required?
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About This Question
This is Post Utme Noun 2023 Commerce Question 39. It is one of the objective questions from the 2023 Post Utme Noun Commerce examination.
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